Bitcoin Miami: the announcements to remember

The price of Bitcoin (BTC) lagged behind Ethereum (ETH) and other major altcoins today, despite a series of bullish news coming out of the Bitcoin 2022 conference in Miami, USA.

Source: Adobe Stock / Vera Kuttelvaserova

BTC is currently trading around $42,800, up just 0.6% in the last 24 hours and down 4% in the last 7 days.

Meanwhile, the price of ETH is hovering around $3,230, up 2% in the last 24 hours and remaining unchanged in the last 7 days, while other major altcoins such as BNB and Solana (SOL) were up 0.8% and 3.5%, respectively, in the past 24 hours.

Evolution of the price of BTC over the last 14 days:

Source: CoinGecko

Mallers pushes for adoption of BTC as a means of payment in the United States

Jack MallerBitcoin payment provider CEO Hitsaid on Thursday that his company has reached agreements that will allow BTC to be used as a means of payment with online merchants using the platform Shopify and at a large number of physical retailers across America.

“When I go to Whole foodswhen I go home Chipotle later this year, and now want to be able to use my Lightning node on TorI care about my privacy,” Mallers said on the conference stage.

Mallers also announced that:

“Strike has also partnered with Black Falcon, […] one of the largest alternative payment providers in the world. They have 400,000 storefronts and 37,000 partners,” adding, “We have also partnered with the largest point-of-sale provider on the entire planet, NCR.”

Commenting on Mallers’ announcement, the renowned macro-economist and investment strategist Lyn Aldenfounder of Lyn Alden’s Investment Strategysaid bitcoin acceptance at retailers is important to keep the network “permissionless.”

“Some people naturally reject this idea because they don’t want to spend their BTC; they want to save it. However, the more places that accept BTC at the point of sale (on-chain or Lightning or whatever) , the more the entire network is permissionless”, a declared Alden in a Twitter thread.

“That’s because, if all you can do with BTC is convert it back to fiat on a major exchange, then it’s easy to isolate it. […] But if you can directly spend it on goods and services across businesses and jurisdictions, it’s harder to isolate,” she added.

However, some have warned that the news may not be as good as it sounds, saying the ability to pay with BTC will depend on a specific retailer enabling Lightning integration with their payment system.

Robinhood launches crypto wallet

The popular trading app Robin Hood also have announcement major news at the conference. She said she has deployed a crypto wallet solution for over 2 million customers on a waiting list.

According to Aparna ChennapragadaHead of Products at Robinhood, waitlisted platform users can now send and receive any cryptocurrency available on the platform.

She added that the company is also working to add support for Lightning Network.

Robinhood is a popular stock trading app among retail investors in the United States, and is known for offering commission-free trading to its 31 million users across the country.

Nation-state adoption is on the rise

Samson Mowformer director of strategy for the Bitcoin development company, Blockstreamwho says he is now working on state adoption of bitcoin, also had important news to report.

Mow said a designated free economic zone on the island of Roatán in Honduras and the Madeira region in Portugal are both ready to “adopt Bitcoin” as a payment method in their territories.

Separately, a Mexican senator said she is proposing legislation to the senate that would make bitcoin legal tender in the country if approved.

“This is what I managed to do solo in a month,” Mr. Mow said at the end of his presentation at the conference.

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